Carnival Corp & plc, the Anglo-American cruise shipping giant, says it has raised its net yield increase forecast and consequently guidance for its full financial year 2015 earnings forecast as well.
"Based on the strength in third quarter net revenue yields and current booking trends, the company has increased its expectations for full year 2015 net revenue yields. The company now expects revenue yields to be up approximately 4% compared to the prior year versus previous guidance of up 3% to 4% on a constant currency basis, which excludes translational and transactional currency impacts (up approximately 3% on a constant dollar basis)," Carnival said in a statement.
The company maintained full year 2015 net cruise costs excluding fuel per ALBD (available lower bed day) forecast at a rise of approximately 3.5% compared to the prior year on a constant currency basis (up approximately 3%on a constant dollar basis).
"Taking the above factors into consideration, the company has increased its full year 2015 non- GAAP diluted earnings per share guidance to be in the range of $2.56 to $2.60, better than both the June guidance range of $2.35 to $2.50 and 2014 non-GAAP diluted earnings of $1.93 per share," Carnival said.